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ASX to rise as Aussies return home for the holidays

·2-min read
Reunited loved ones hug at Sydney airport and the ASX board.
The local market is expected to open higher as loved ones retunite at Sydney airport. (Source: Getty)

ASX: The local market is expected to jump at the open after ending last week in the red on the last trading day of the month.

The benchmark ASX200 closed down 1.44 per cent to 7,323.7 and the All Ordinaries closed down 1.3 per cent to 7639.1.

Wall St: US stocks shook off early declines and closed out the last trading day of the month with modest gains.

This came after a rise in Microsoft helped offset declines in Amazon and Apple after disappointing quarterly earnings.

BTC: Bitcoin is still just above the US$60,000 mark after a weekend of volatility.

Home for the holidays: International travellers have touched down at Sydney airport after the border to NSW reopened today.

The first overseas flight landed at Sydney Airport before dawn with fully vaccinated passengers no longer being required to quarantine, paving the way for Aussies to come home for Christmas.

Flight crew wave as they come out from the arrival gates on the Sydney International airport on November 1, 2021, after Australia relaxed mandatory quarantine restrictions. (Photo by Saeed Khan / AFP) (Photo by SAEED KHAN/AFP via Getty Images)
Travellers return at Sydney airport. (Source: Getty)

G20 disappoints: Leaders of the Group of 20 major economies (G20) have agreed on a final statement that urges "meaningful and effective" action to limit global warming but offered very few concrete commitments, disappointing climate activists.

The result of days of tough negotiation among diplomats leaves huge work to be done at the broader United Nations COP26 climate summit in Scotland.

Net zero impact: Australia's economy is more at risk from the net zero commitments of other nations than the Federal Government's measures to reach the target, new modelling from EY has shown.

The research found 64 per cent of the risk to Australia's GDP would come from the net zero policies of key trading partners.

Will he or won’t he?: Economists are convinced Reserve Bank of Australia (RBA) governor Philip Lowe will alter his interest rate guidance after this week's monthly board meeting following the unexpected jump in inflation.

- With AAP

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